Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-09-21
XACKAY AND FAIR.
IN Account Of Their Differences with
Each Other and Their Operations
Nmw~shar


Each Other and Their Operations
Together.
Portland Oregonian.i
The recent reconciliation Effected
between John w. Mackay aud James
G. Fair, the bonanza kings, which
WAS brought about by the Nevada
Banks being disastrously involved in
the collapsed wheat deal in San Fran.
cisco, has been an absorbing topic for
discussion among the members of the
Nevada and Cslifornis colonies in
this city, who were familiar with the
relations existing between the men for
aome years.
In the spring of 1885 there was
rupture between Macksy aud Fair,
who had for many years been conf.
dental partners in mining enterprises
and stock manipulations. Neither OF
the men took business step withou,
consulting tha other, aud the truest
harmony existed between the two.
But At the period aforementioned
Maokay became dissatisfied with Fairs
treatment of his (the latter's) wife, a
woman Of noble character, from whom
be 10 now divorced; and the result
was the sundering Of friendship o.
long duration. James q. Flood, an.
other partner Of Macksy and Flood,
and up to within a few days since the
Pr sldent Of the Nevada Bank, sided
with Mackay. The climax Of the
rupture was reached sometime in
June, 1885, when Fairs partners pro
posed \ settlement Of their business
.AtfAirs in such an emphatic manner
that the obnoxious member Of the 6rm
could not fail to understand that the
majority wished to rid themselves oi
tho minority The co-partnership was
dissolved without creating ripple on
the calm surface Ut San Francisco
money market, although the segrega-
ton involved many millions of dol
lars.
Fair hurriedly purchased building
OF the street opposite the Nevada
Bank. for ? time assuming q menao
ing attitude toward his former con.
freres, leading many to believe that
he purpossd establishing = banking
house In opposition to the one he had
80 materially aided in founding. In
fact, when the writer asked him 4
direct question a. to his intention in
that respect, Fair did not deny it, blu,
rather strengthened the writer's i'm
preston that he intended to make i,
torrid for the Nevada Bank people.
Bpt nothing came of it, and those
had had some experience with
Fairs deceptive Characteristics were
not surprised that his threats amount.
ed to nothing but bluff and blustsr.
The millionaire, so ruthlessly thrown
out into the cold, lost no time in NOV
ing his possessions out of the Nevada
Bank building. and from that minute
be and his tried and trusted ex-part.
ners became strangers. Neither Flood
nor Maokay would recognize Fair on
tho streets Of San Francisco; and il
tho latter had any business with the
others it would usually be transacted
BY an agent
Tho dissolution OF the bonanza firm,
~ the three powerfully rich men were
termed, WAS but an ordinary nine.
days. wonder; it had no effect upon
thu financial or security markets that
was 1T oil discsrnible, and tho matter
would, perhaps, have forever passed
from the mind of the disiDterested
man, had the ruinous wheat deal no,
brought Fair to the front again.
During the past two years Masksy
bad, to employ one of Fairs sarcasms
,"invested considerable of his curren,
funds somewhere near tho bottom oil
thu Atlantic ocean," stretching his
submarine cable lines. His Me xicau
railway scheme also proved financial
white elephant. Then, again, his IN.
vsstments in other respects are &C
widely distributed and enormous tina,
even ifhe should be worth $50, 900, 900
- reputed, it would be difficult ma.
ter for him to raise several millions o.
dollars in ready cash within 4 brie
day or two withou. subjeoting him ss
the sacrifice Of valuable property a, ,
great loss.
While Flood did not spread 90 uni
ysrsxlly Is the modern Monte Cris,o
still be also wanted to keep bis mill
ions Of gold moving, and not p-rmi
them to grow rusty in the popderou
vaults of the Nevada Bank. He ais,
invested his enormous fortune II
profitable enterprises, which, however
cannot he unstamorphosed into coinet
gold ct . moments notice. Thes,
circumstances nscessitatsd the bsnl
men 70 recall Fair to their counoi
when the wheat deal exploded snt